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amiga13
 
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Joined: Feb 2014
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Old 01-11-2021, 11:13 AM
  #8

Quote:
Originally Posted by MalloryJames
My understand is it isn't not having debt that can damage your credit rating--it's having so few lines of credit open and having a good payment history.
Thinking back, you’re absolutely right. To rectify my denial, I spent several thousand dollars and used my Macy’s credit card. Then I was approved right away.

And for those of you who are like me and think it doesn’t matter because you have no debt, all I was trying to do was get a new Social Security card. SSA did a credit check (because only real people have debt???) through Experian. I have an 828 credit rating, but I was denied a new SS card because of no debt. Creating a debt worked and I got a new card (and the furniture I’d intended to buy on my debit card).

For me, all’s well that ends well—I even found my old SS card so now I have 2. And OP, I agree that an appraisal is a small price to pay for today’s historically low interest rates.

Last edited by amiga13; 01-11-2021 at 11:33 AM..
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